Healthcare organizations, already under financial pressure from the changing reimbursement system, now face a hardening D&O liability insurance marketplace. In this article, CRC offers insights on how retail agents can help their insureds navigate the difficult environment.

Flooding, the most common natural disaster in the U.S., can have huge consequences for homeowners, businesses, and communities. With the emergence of climate change and increase in severe weather, flooding is impacting ever widening areas, but at least 85% of homeowners still lack flood insurance. Flood insurance empowers families and communities to recover and thrive in the wake of disaster.

The severe hurricanes and record-breaking wildfires that have caused widespread damage in recent years have heightened concerns that a changing global climate may be leading to more frequent and extreme natural catastrophes. Among the possible effects of climate change, stronger and slower-moving hurricanes may bring more devastating winds, higher storm surge and greater inland flooding; hotter temperatures can dry out vegetation and raise the risk of wildfires, particularly as people move into formerly wild areas. Those changes may lead to greater risks for property owners and higher-than-expected claims for insurers.

From design to construction and sales, a real estate developer bears the ultimate responsibility for every aspect of a project. The architects, engineers, contractors, property managers and real estate brokers all face specific professional liability risks stemming from their own work, but the developer may be exposed to all of them. Legal actions targeting any service provider on a project are very likely to name the developer too. For instance, a family member of an employee killed while working for a general contractor might sue the developer as well, or a condominium owner may bring a claim against the developer for an architect’s design error.

The commercial cannabis industry is booming. It now employs more than 250,000 people, with legal marijuana sales reaching an estimated $9.7 billion across North America in 2018.